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/biz/ - Business & Finance


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27417605 No.27417605 [Reply] [Original]

why are these vaporware shitcoins killing our threads. Please post more sirs,,

Let's get in here and cope together. I'll start.
>on the bright side, every single PNK holder is deep in the red in ETH value, so nobody is going to sell even if we pump in USD. $40 EOY.

>> No.27417764

You fucking morons could've researched the market and found any of the dozen DeFi gems that entered the top 100. We could've all gotten rich together. Instead, you doubled down on a fucking pajeetcoin like Kleros. You deserve your bags.

>> No.27418271

Sirs, Kleros is most excellent coin. No need for shillings. May Vishnu smile upon you :)

>> No.27418560

>>27418271
What the hell is your problem?

>> No.27418599

Yeah the redditors shitting the board up aren’t helping.

>> No.27418843

>>27417605
>all the kleros threads 404 after 10 minutes
Which means it's the best time to accumulate. In fact, didn't someone make a site that tracked coin discussion activity on /biz/?

>> No.27418962
File: 73 KB, 1080x191, Kleros.jpg [View same] [iqdb] [saucenao] [google]
27418962

>>27417605
Yeah im thinking its over bros..

>> No.27419181

Not selling

But I admit the price action is abysmal

This might take a while, hope you're comfy fellow jurors

Remember to read this if you forget why you got into kleros in the first place
https://medium.com/the-definancier/the-subjectivity-problem-39bdd2704cb3

>> No.27419375

>>27419181
>article 410'd

>> No.27419576
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27419576

>>27418599
Checked. This is the best part of Kleros threads - seeing as pretty much nobody has bought in the past 6 months, you know that reddit and wsb aren't in the threads and the quality of discussion is better.

>>27417764
>defi gems
scams and ponzi schemes. Yes, it sucks to know the market is completely irrational, but when the money flowing in is all dumb money, it's to be expected.

>>27418962
Most of the top 100 coins are blatant scams or worthless chuck-e-cheese tokens. Clement said even LINK is a pseudo-scam.

>>27419181
>here's an article which gives you hope
>article deleted by author
AAAAAAAAAAAAAA IT REALLY IS OVER SELL FOR YOUR LIVES

>> No.27419790

>>27419375
>>27419576
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Ok well we still have this video showing Doges on trial by the Kleros CTO
https://www.youtube.com/watch?v=OyfU9izjcJA

>> No.27419868

I'm gonna scoop some up in this dip. This is a big-brain hold. We will be rewarded for our patience with many blessings from Vishnu.

>> No.27420195

>>27419576
>scams and ponzi schemes. Yes, it sucks to know the market is completely irrational, but when the money flowing in is all dumb money, it's to be expected.
this is pure fucking cope. most DeFi projects are legitimate and most of this board uses them 24/7. please name the DeFi ponzis and scams in the top 100, I'll wait

>> No.27420931

>>27418560
sir, why be rude sir?

>> No.27421201

>>27420195
>scams
XRP, Polkadot, Cardano, LINK, Binance coin, Tron, AVAX, Ampleforth, etc.
>chuck-e-cheese
Litecoin, DOGE, BSV etc.
>semiscams in that they're governance tokens which can't provide value because the token isn't needed
UNI, AAVE, GRT, Loopring (credit to the LRC guys who admit that the token is worthless), etc.

Again, almost all of them fit into one of these 3 categories. BTC, ETH, XMR, BAT, DAI, USDC are probably the only big ones which aren't scams. There are some edge cases like XLM.

>> No.27421455

>>27419576
>Clement said even LINK is a pseudo-scam
source??

>> No.27421481

>>27421201
>LINK is a scam
>XRP et al. are DeFi projects
The average Kleros juror everyone.

>> No.27421608
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27421608

PNKchads got UNI and MIR for free. PNK is a long term project. The Good Sirs will continue doing the needful on Uniswap.

>> No.27421706

>>27421201
LINK next to Tron as a scam?

This might be the best fud I've seen for PNK and I've been holding for a long time

>> No.27421923
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27421923

>>27421455
>>27421706
>>27421481
>LINK is a scam
LINK is a scam.

>> No.27422156

>>27421923
Pretty sure this message was from before Chainlink mainnet (hence no product).

Please tell me you're not a large PNK holder? I might need to re-evaluate my life choices

>> No.27422225

>>27417764
If your shitcoin was so good it would have good memes.
LINK PNK RSR, that's the best memes on /biz/, not buying anything else

>> No.27422514

>>27419576
>Clement said even LINK is a pseudo-scam.
Not really but he did threw some shade at LINK

>> No.27422729

>>27422225
PNK and RSR are garbage. You fucking mongs ruined it for everyone with your garbage shitcoins. You could've all been millionaires holding UNI, AAVE, SNX and instead you're holding this fucking joke of a token that no one is ever going to want to use. Look up opportunity cost and endowment effect and fuck off.

>> No.27422791

>>27421923
His message implies that he doesn't think chainlink to be a scam

>> No.27422990

>>27422729
>just predict the next pump
You can't know in advance, you can just invest in good project and be patient. There was a huge "opportunity cost" to holding chainlink from 2017 to 2019 as well.

>> No.27423003

>>27422156
If you think a medianizer for crypto price feeds is a valuable product which people will eventually pay for, then yes, perhaps selling your PNK is the best option. A child can do averages - it isn't a 30 billion dollar service. Or if you believe 1k eoy, a 1 trillior dollar service.

>> No.27423117

>>27421923
LINK is a scam and buying before $50 means your scamming people with it.

>> No.27423240

>>27417764
What makes you think we ONLY hold Kleros, fucktard?

>> No.27423570

>Summoned to kleros court
>Shit now im screwed!
jk
>*closes tab*
Nice court you got there.

>> No.27424648

>>27423003
>A medianizer for crypto

If you're going to keep holding Kleros, please refrain from posting or make sure to educate yourself before doing so. And here I thought only big brains would be left in this considering the price action, oh boy

Shame the article I linked isn't available anymore, it actually explains very well the utility of Kleros in use cases where objective data can't be obtained

>> No.27425376

>>27424648
That's unironically all it is. And that's what Clement says about it. Offchain data is a meme because all prices are onchain already thanks to dexs. I don't need to pay someone to tell me the price binance has on their webpage api, when I can just check the chain itself.

For other offchain->onchain data memes, check the election result and tell me that chainlink is actually doing something in this transaction. Or the idea that Sergey is checking gold vaults for collateral. Offchain data is a worthless meme.

If you disagree let's chat. Maybe you can summarize that article.

>> No.27426300

>>27425376
>Offchain data is a meme because all prices are onchain already thanks to dexs
Yeah let's just ignore all the volume from the largest CEXs like binance (not binance dex which nobody uses), coinbase, kraken, bithumb, bitfinex, etc.

Oh yeah let's just the uniswap price oracle, not like that caused hacks in the past already because of price manipulation right?

Oh right, and let's just pretend price data is the only type of data we'll ever need on-chain and forget about any other use cases like parametric insurance, private off chain computation, supply chain, etc.

If Clement doesn't understand that I may unironically sell my stack, it's clear to me that the value proposition of kleros is to come in situations where objective truth does not exist, in which case you need an arbitration mechanism like kleros

>> No.27426989

>>27426300
>Yeah let's just ignore all the volume from the largest CEXs like binance (not binance dex which nobody uses), coinbase, kraken, bithumb, bitfinex, etc.
Unironically, yes, let's. Those are points of weakness. If the price is really different on those exchange, arbitrage algos will balance it out. And if those exchanges are washtrading (remember PNK last year) then arbitragers won't be able to balance it out and those exchanges will automatically be ignored.

>Oh yeah let's just the uniswap price oracle, not like that caused hacks in the past already because of price manipulation right?
Are you saying LINK can do better because it averages out price? I can average out prices with uniswap too. In fact, Hayden Adams built this feature in, so you can set the average over how many blocks you want when you integrate the uniswap oracle.

>Oh right, and let's just pretend price data is the only type of data we'll ever need on-chain and forget about any other use cases like parametric insurance, private off chain computation, supply chain, etc.
It isn't. But parametric insurance and supply chain stuff will all be done on-chain. Barcodes will be scanned, qr codes will be uploaded, servers will be pinged, and all this data will be registered onchain, rather than offchain.

>If Clement doesn't understand that I may unironically sell my stack, it's clear to me that the value proposition of kleros is to come in situations where objective truth does not exist, in which case you need an arbitration mechanism like kleros
Clement understands very well. Vitalik understands very well. The idea that you need centralized oracles providing offchain data and putting it onchain, and then paying them to do so, is a meme. It's cheaper and easier to just have the data onchain all the time. And if you need subjective inputs, you have human computers, like kleros.

I'm not trying to argue in bad faith here. If you have other points I really would like to hear them.

>> No.27427827
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27427827

sirs.. please bump for village

>> No.27428240

>>27426989
>Unironically, yes, let's
Good idea! That worked well for BZX and their use of the uniswap price oracle right?

https://cointelegraph.com/news/decentralized-lending-protocol-bzx-hacked-twice-in-a-matter-of-days

>Are you saying LINK can do better because it averages out price
You have no idea what you are talking about. The point is not to average out prices, but to eliminate a central point of failure i.e. a central source of information for the price which can be manipulated vs. liquidity spread over multiple exchanges

>Barcodes will be scanned, qr codes will be uploaded, servers will be pinged, and all this data will be registered onchain, rather than offchain
Yes, the whole world will just click a button and migrate all their systems to the blockchain. Absolutely delusional, it doesn't make sense to migrate everything cost-wise. I can almost guarantee you have never worked for a large corporation.

Already answered your last point. Look, I'm not in the mood to spend more time discussing this, I highly encourage you educate yourself more on Chainlink either via the crypto oracle or Chainlink god's medium, they have some good posts. Kleros and Chainlink are not solving the same problem, one is for objective truth, the other for subjective truth. I will stop checking this thread and hope the kleros team isn't as short-sighted as you make it seem. Godspeed

>> No.27429279

Kleros is a long hold.

Frederico needs to pay for a fucking listing for chrissakes!!

>> No.27430086

>>27428240
linkie bitch dog basterd
sir i will chainlink MY SPERM on you!!
PNK DISPUTE RESOLUTION $4 EOY